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LG Electronics, Nvidia Expand Robotics Alliance as Seoul Data Factory Targets 100,000 Hours of AI Training Data
LG Electronics is deepening its robotics partnership with Nvidia at a new data factory in Seoul. Senior executives from both companies met Tuesday, August 18, 2026, at LG’s Yangjae R&D Campus. The facility aims to collect 100,000 hours of robot training data by year-end. That volume equals roughly 12 years of continuous data generation. The…
Milky Mist IPO: Shares Jump 30% on India Debut, Valuation Hits $1.46 Billion After ₹140 Issue Price
Milky Mist Dairy Food shares surged nearly 30% on their India stock market debut Tuesday, August 18, 2026. The stock listed at ₹165 on the NSE and BSE, an 18% premium over its ₹140 issue price. Shares later touched an intraday high of ₹181.50, pushing gains to 29.64%. That rally lifted Milky Mist’s market capitalization…
Meta Goes to Trial in 29-State Case Over Child Safety and Mental Health
Meta is facing a major legal test as a 29-state case over child safety and youth mental health moves forward in the US. Opening arguments began on August 18, 2026, in a federal court in Oakland, California. The states accuse Meta of designing Facebook and Instagram features that can keep young users hooked and of…
Sunshine Coast Philanthropists Roy and Nola Thompson Die 8 Days Apart After Giving $20M
Sunshine Coast philanthropists Roy and Nola Thompson, married 69 years, died 8 days apart after donating $20M+ to hospitals, universities, and charities across Queensland.
Ausgold Jumps on $776M Takeover as Oil Tops $90 and ASX 200 Stays Flat
Ausgold shares surged on August 18, 2026, after OceanaGold agreed to acquire the company in a A$776 million deal. The offer values Ausgold at A$1.36 per share, a 28% premium to its last close. Brent crude climbed 2.3% to US$90.52 a barrel the same day. The ASX 200 finished flat at 9,070 points, down just…
Cement Companies Q1 FY27: UltraTech, ACC Post Growth as Ambuja Cement Sales Fall 14%
India’s cement sector had a mixed start to FY27, with major companies reporting different sales trends for the June quarter. UltraTech Cement recorded 13.1% growth in domestic volumes, while ACC reported cement sales of 10 million tonnes. Ambuja Cement, on the other hand, saw sales volumes drop 14% from the previous quarter to 17.1 million…
Nelco Shares Plunge 12% Following $20 Million Investment in Elveo for Satellite Connectivity
Nelco shares dropped sharply on August 18, 2026, falling 9.21% to ₹982 on the BSE. The decline followed news that Nelco will invest $20 million in Lunar Holdco, the parent of Elveo Mobile. The Tata Group firm structured the deal through compulsorily convertible debentures. Investors reacted cautiously to the company backing a pre-revenue satellite venture….
Nike Stock Drops 4% to 12-Year Low Below $40 as Downgrades and Weak Sales Raise Turnaround Risks
Nike stock faced fresh selling pressure on August 17, 2026, falling about 4% and moving below the $40 mark. The shares touched around $38.85, their lowest level since 2014. Weak sales, softer footwear demand, and new analyst downgrades have added to concerns about Nike’s turnaround. Investors are now watching to see whether the sportswear giant…
Former DBS Chief Gupta Urges Singapore to Take Bigger Risks in Finance
Former DBS CEO Piyush Gupta warns Singapore’s financial sector must resist risk aversion and embrace innovation to stay competitive. He praised recent bold moves like EQDP and suggested exploring SGD-backed stablecoins.